Bank of Canada cuts key rate for first time in more than 4 years
The Bank of Canada has cut its overnight rate by 25 basis points, a move not seen since the beginning of the pandemic.
Microsoft says it has fixed a flaw in its cloud computing platform that cybersecurity researchers warned could have enabled hackers to take over a cloud-based database product used by many big companies.
The company said Friday there's no evidence the potential opening was exploited by malicious actors or that any customer data was exposed.
The cybersecurity firm Wiz, led by former Microsoft employees, said it discovered what it called an "unprecedented critical vulnerability" in Microsoft's Azure cloud platform and notified the tech giant earlier in August.
Microsoft paid the firm a bounty for the discovery and said it immediately fixed the problem.
If exploited, the flaw could have affected "thousands of organizations, including numerous Fortune 500 companies," according to a blog post from Wiz, which is based in Israel and California. Microsoft said Friday it affected only a subset of customers using the product.
Microsoft has already been in the hot seat over the hack of its Exchange email servers disclosed in March and blamed on Chinese spies.
Its code was also abused to rifle through the emails of U.S. officials in an earlier hack pinned on Russian intelligence agents and more commonly associated with the software company SolarWinds.
The cloud platform vulnerability disclosed this week, while apparently causing no harm, raised concerns about the security of cloud services provided by the tech industry, which businesses and governments increasingly rely on.
After a White House cybersecurity summit Thursday, Microsoft pledged it would invest US$20 billion in cybersecurity over the next five years and make available US$150 million in technical services to help local governments upgrade their defenses.
Federal lawmakers earlier in the year insisted that Microsoft swiftly upgrade security to what they say it should have provided in the first place, and without fleecing taxpayers.
The Bank of Canada has cut its overnight rate by 25 basis points, a move not seen since the beginning of the pandemic.
The Hospitals of Regina Foundation (HRF) issued an official apology on Wednesday following comedian Rob Schneider's set at a fundraising event on Saturday night.
If an Oilers fan in Edmonton has the spare time, they can not only potentially witness their hockey heroes win and take a step closer to claiming puck glory, they can brag that they journeyed the longest distance between two NHL markets to do it.
Air Canada is now offering free beer and wine on flights within Canada and the U.S. until the end of the year.
Billionaire Elon Musk is questioning diversity and inclusion hiring practices, using the social media platform he owns to criticize a job posting from the University of British Columbia.
Five people associated with the Hells Angels motorcycle gang are facing charges after police raided two homes and two unlicensed bars in Waterloo Region.
President Vladimir Putin warned Germany on Wednesday that the use of its weapons by Ukraine to strike targets inside Russia would mark a 'dangerous step.'
McMaster Children’s Hospital is pausing scheduled tonsil and adenoid surgeries for patients under the age of 18 after officials say two pediatric patients who underwent the procedure died shortly after being discharged.
It was Conservative Leader Pierre Poilievre’s birthday on Monday, but he could've probably done without the package that one of his more obscure backbenchers dropped on his doorstep, writes former NDP leader Tom Mulcair in his latest column for CTVNews.ca.
Marking a milestone, Lakeshore resident Olga White celebrated her 107th birthday in style Wednesday.
The municipality of Tantramar, N.B., is holding a sale to get rid of surplus items it acquired after the Town of Sackville amalgamated with smaller communities last year.
For several weeks, a mysterious social media user has apparently been leaving $50 bills hidden across Metro Vancouver.
A statue dedicated to the Royal Regina Rifles Regiment has been officially unveiled in France just ahead of the 80th anniversary of D-Day.
A Cape Breton is this year's recipient of the McEuen Scholarship, which gives him basically a full ride to the medical school at the University of St. Andrews in Scotland.
Mounties in Kelowna nabbed a would-be burglar with an apparent sweet tooth over the weekend.
When Alyssa Anklewich’s history teacher assigned her Westwood Collegiate class an essay about D-Day, the 15-year-old had other ideas.
Many people are familiar with the benefits of being in nature, but forest therapy goes a step further than a simple walk in the woods.
The Stanley Cup was passing through town Friday, and Lanny Legend took it upon himself to take it for a surprise visit.